P R O F I L E

Indian Oil Corporation Ltd. is the sole representative n Fortune prestigious listing of
the world’s 500 largest corporations, ranked 191 for fiscal 2003 based on fiscal 2002
performance.lt is also the 17th largest petroleum company in the world. Indian Oil
has been adjudged the `Second'   in petroleum trading amongst the 15 National Oil
Companies in the Asia-Pacific region and is ranked 325th in the Forbes Global 500
listing of the largest public companies.

India's Flagship National Oil Company

Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was
formed in 1964 with merger of Indian Refineries Ltd. (Est.1958).
As India's flagship national oil company, Indian Oil accounts for 56% petroleum
products market share, 42% national refining capacity and 67% downstream pipeline
throughput capacity.

Indian Oil controls 10 of the country’s 18 refineries with a combined rated capacity of
49.30 million metric tones per annum (MMTPA). These includes subsidiary
companies Chennai Petroleum Corporation Ltd. and Bongaigoan Refinery and
Petrochemicals Ltd. It owns and operates the country’s largest network of cross-
country crude oil and product pipelines of 7170 Kms. with a combined capacity of
52.75 MMTPA.

Indian Oil’s country wide network of over 21000 sales points is backed for supplies
by its extensive, well spread out marketing infrastructure comprising 169 bulk
storage terminals, installations and depots, 93 aviation fuel stations and 79 LPG
bottling plants. Its subsidiary, IBP Co. Ltd. is a stand-alone marketing company with
a nationwide retail network of over 2000 sales point. To maintain strategic edge in
the market place, Indian Oil has planned investments to the tune of Rs. 24400 cores,
During X plan (2002-07), mainly in Refining and Pipeline capacity expansions,
product quality up gradation, retail operations and diversification projects.

Indian Oil is an "academy" company with a score of full-fledged training centers

across the country. Building competency, confidence, and capability to face the
challenges of the market place. Among these, the Indian Oil Institute of Petroleum
Management, Gurgaon, Indian Oil Management Center for Learning, Mumbai   and
the    Indian Oil Management Academy, Haldia have emerged as world-class training
and management academies.